oil

On Sunday (June 14th), President Trump announced a peace deal with Iran via a Truth Social post: The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully [...]

Ocean freight rates have been elevated since the start of the Iran War. However, as we’ve covered in Universal Cargo’s blog, international shipping’s capacity is not stretched [...]

With the two-week ceasefire between the U.S. and Iran, Iran has reopened the Strait of Hormuz, but shipping traffic through it is reportedly at a trickle. According to a Reuters article by [...]

Oil Prices Outlook Oil has always been a large factor in international shipping costs. The Iran War, with the closure of the Straight of Hormuz, effectively cut off shipping access through the [...]

Yesterday (Monday, March 24th), the Federal Maritime Commission (FMC) said no to carriers requesting waiver of the 30-day notice period before hitting shippers with fees related to the Iran War. [...]

Summit Delay Request Many refer to the current trade deal with China as a trade truce. Shippers would be forgiven for thinking of it as tenuous after the tension of escalating tariffs of trade [...]

Trump Orders Government to Cover Persian Gulf Shipping In Tuesday’s blog about the impacts of the Iran War on international shipping, we brought up insurance, specifically marine insurers [...]

This morning (February 2nd), President Trump announced a trade deal with India. Here are the details the president gave about the deal: This trade deal announcement came off of a conversation [...]

Trump Threatens 5% Tariff Hike on Mexico Over It Failing to Deliver on Water Treaty Promises On Monday, President Trump threatened a 5% tariff on Mexico if it doesn’t comply with the [...]

By executive order yesterday, President Trump increased the tariff on goods from India from 25% to 50%. The additional 25% tariff is related to India importing oil from Russia and is part of [...]

This is a guest post by Ellie Gabel. Supply chains have not had it easy for the past few years. Disruptions have grown in frequency and severity, and while issues may have come down from their [...]

In case you missed the big news this weekend, a drone attack hit two oil facilities in Saudi Arabia on Saturday (September 14th, 2019). Here's a brief summary from an Aljazeera news [...]

"We're all going to go bust," MOL President and CEO Junichiro Ikeda said to the Financial Times about the near future of ocean carriers in the international shipping industry.

For [...]

The biggest news to hit U.S. Shippers and international shipping last week was also the biggest hurricane to hit the U.S. in a decade. We shared how Hurricane Harvey hurt the supply chain last [...]

DUM DUM DA-DUM DUM DA-DUM DUM DA-DUM… Okay, it’s probably hard to tell I’m singing the Imperial March when I type it, but get ready for the oil empire to strike back. [...]

There’s quite a sight to be seen of ships off the coast of Galveston, TX. And it all has something to do with oil. You may have noticed a little thicker wallet or fuller purse this year [...]